Looking to diversify beyond SHSSX? The mutual funds below have the lowest correlation with SHSSX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from SHSSX.
Best Diversifiers for SHSSX
4 mutual funds have low correlation with SHSSX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.11, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.11 | 0.10 | 0.09 | 96 | Long-Short | SHSSX vs BDMIX | |
| BlackRock Technology Opportunities Fund Investor A | 0.12 | 0.29 | 0.45 | 69 | Technology Equities | SHSSX vs BGSAX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.14 | 0.14 | 0.03 | 64 | Systematic Trend | SHSSX vs ASFYX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.23 | 0.38 | 0.51 | 71 | Large Cap Growth Equities | SHSSX vs NASDX | |
| iShares S&P 500 Index Fund Class K | 0.40 | 0.53 | 0.64 | 65 | S&P 500 | SHSSX vs WFSPX |
See all 26 diversifiers for SHSSX
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